Compute North plans to host 1.2 GW mining equipment

The American company Compute North, which provides services for the placement of equipment in its data centers, plans to place mining equipment with a capacity of 1.2 GW during the year.

According to Dave Perrill, CEO of Compute North, the company is currently building five additional sites, which should begin accepting equipment by the end of the second quarter of next year. Currently, there are three sites in the states of Texas, Nebraska and South Dakota. They ensure the operation of equipment with a capacity of 100 MW.

Interestingly, despite the global trend towards the use of renewable energy sources for mining cryptocurrencies, the company will also use energy from thermal power plants.

“When it comes to this scale, it is extremely difficult, even almost impossible to use only green energy,” said Perrill.

According to him, the company receives weekly requests for the placement of equipment with a capacity of 100 MW. We are talking about ASIC miners from China, since in connection with the prohibitions of mining in the Middle Kingdom, local miners are withdrawing their capacities to other jurisdictions. Perrill believes that the network hashrate of the first cryptocurrency is unlikely to return to previous levels until the middle or even fall of next year.

Recall that as of early July, electricity consumption by Bitcoin miners fell by almost 60% to 62 TWh from a record peak of 143 TWh recorded in mid-May.

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